Direxion Daily MSFT Bear 1X Shares (NASDAQ:MSFD – Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 42,500 shares, an increase of 5,212.5% from the March 31st total of 800 shares. Based on an average trading volume of 97,700 shares, the days-to-cover ratio is currently 0.4 days.
Direxion Daily MSFT Bear 1X Shares Price Performance
Shares of MSFD traded down $0.35 during mid-day trading on Friday, reaching $14.39. The company’s stock had a trading volume of 180,134 shares, compared to its average volume of 94,064. The business has a fifty day moving average of $14.20 and a 200 day moving average of $15.28. Direxion Daily MSFT Bear 1X Shares has a 1 year low of $13.60 and a 1 year high of $20.11.
Direxion Daily MSFT Bear 1X Shares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a $0.1291 dividend. This represents a $0.52 annualized dividend and a yield of 3.59%. The ex-dividend date was Tuesday, March 19th.
Hedge Funds Weigh In On Direxion Daily MSFT Bear 1X Shares
About Direxion Daily MSFT Bear 1X Shares
The Direxion Daily MSFT Bear 1X Shares ETF (MSFD) is an exchange-traded fund that is based on the Microsoft Corporation index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFD was launched on Sep 7, 2022 and is managed by Direxion.
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